The firm closed its third fund, which at $225 million is exactly the same size as its second and first funds. To announce the event, it used exactly the same blog post it did for its previous fund, just changed the date. Hence the ‘cut and paste.’

Foundry Venture Capital 2012 will, not surprisingly, follow the same strategy the firm used with its earlier funds. It will invest in U.S.-based seed and early stage companies in software and IT. It will continue what it calls “thematic investing,” which the firm describes on its Web site as: “Rather than looking for short-term hits, we focus on themes that have the ability to drive a cycle of innovation (and hence provide multiple investment opportunities) over a period of five to ten years or more. We invest across North America in a multitude of sectors tied to our thematic approach.”

Foundry, which invested rather famously in Zynga and more recently in Modular Robotics and FullContact, has had early success with its investments. Its 2007 fund had an IRR of 66.9% as of November 2011, according to a portfolio report from the University of Texas Management Company, an LP. Its 2010 fund, now just two years old, had an IRR of -17.59% in the same report.

Present Foundry Group investment themes include ad tech, human computer interaction and distribution. A complete list can be found here.

The firm reportedly will not begin investing from the new fund until later this year or early next.

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